Advisors Asset Management Inc. Boosts Stake in The Clorox Company (NYSE:CLX)

Advisors Asset Management Inc. lifted its stake in shares of The Clorox Company (NYSE:CLX - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,803 shares of the company's stock after purchasing an additional 5,938 shares during the quarter. Advisors Asset Management Inc.'s holdings in Clorox were worth $5,815,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Brooklyn Investment Group boosted its position in shares of Clorox by 163.8% in the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company's stock valued at $25,000 after acquiring an additional 95 shares during the period. Prospera Private Wealth LLC bought a new position in Clorox in the 3rd quarter valued at $27,000. Continuum Advisory LLC grew its position in shares of Clorox by 300.0% during the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company's stock valued at $30,000 after purchasing an additional 138 shares in the last quarter. Asset Planning Inc bought a new position in shares of Clorox in the fourth quarter worth $32,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Clorox in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 78.53% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on CLX shares. StockNews.com cut Clorox from a "buy" rating to a "hold" rating in a research report on Sunday, January 5th. Barclays raised their target price on shares of Clorox from $130.00 to $140.00 and gave the company an "underweight" rating in a research note on Wednesday, February 5th. Wells Fargo & Company increased their price target on shares of Clorox from $157.00 to $161.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $150.00 price objective on shares of Clorox in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of Clorox from $171.00 to $173.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, Clorox presently has a consensus rating of "Hold" and an average price target of $159.62.

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Clorox Trading Down 0.8 %

Shares of Clorox stock traded down $1.09 on Monday, hitting $143.75. The stock had a trading volume of 1,712,511 shares, compared to its average volume of 1,210,611. The stock's 50-day simple moving average is $152.84 and its two-hundred day simple moving average is $159.74. The Clorox Company has a one year low of $127.60 and a one year high of $171.37. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 20.52. The stock has a market cap of $17.71 billion, a price-to-earnings ratio of 39.28, a PEG ratio of 2.62 and a beta of 0.45.

Clorox (NYSE:CLX - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.39 by $0.16. Clorox had a net margin of 6.38% and a return on equity of 316.87%. During the same quarter in the prior year, the business earned $2.16 earnings per share. As a group, sell-side analysts predict that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.88 annualized dividend and a dividend yield of 3.39%. Clorox's dividend payout ratio (DPR) is presently 133.33%.

Clorox Company Profile

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.